18 August 2017 07:04AM

SP Setia - Handover Of BPS To Drive Earnings in 2H17

We expect the handover of BPS’ remaining blocks in 3Q17 to make up for the shortfall in SP Setia’s 1H17 earnings. Its MYR4bn full-year sales target should be met, given its effective strategy to focus on mid-range landed properties in 2H17. Investors should take advantage of its current share price weakness to enter, and go through the fund-raising exercise. While the short-term earnings dilution is unavoidable, SP Setia may...

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